President Donald Trump listens during a briefing about the coronavirus in the James Brady Press Briefing Room of the White House, Monday, April 20, 2020, in Washington. (AP Photo/Alex Brandon)
President Donald Trump said that he will sign an executive order “to temporarily suspend immigration into the United States” because of the coronavirus.
“In light of the attack from the Invisible Enemy, as well as the need to protect the jobs of our GREAT American Citizens, I will be signing an Executive Order to temporarily suspend immigration into the United States!” Trump tweeted late Monday.
He offered no details about which immigration programs might be affected by the order.
National security adviser Robert O'Brien on Tuesday cast the president's announcement as a move to protect the American people's health. O'Brien said the temporary halt to immigration would not be “dissimilar” to limits on travel to the U.S. from China that Trump put in place in January.
“We're trying to do everything, the president's trying to do everything he can to put the health of the American people first during this crisis,” O'Brien said on Fox News Channel. “So this is one step. It's not dissimilar to the restrictions on travel from China that he implemented back on Jan. 29 at the very outset of this public health crisis.”
O'Brien said the administration believes those travel restrictions saved lives.
Asked about Trump's reference to jobs, O'Brien referenced the virus' economic toll.
“There’s been an economic cost here, too, and the president’s looking out for Americans on both fronts at every turn,” he said.
Trump has taken credit for his restrictions on travel to the U.S. from China and hard-hit European countries, arguing the restrictions contributed to slowing the spread of the virus in the U.S. But he has not extended those restrictions to other nations now experiencing virus outbreaks.
Due to the pandemic, almost all visa processing by the State Department, including immigrant visas, has been suspended for weeks.
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The Justice Department has filed a lawsuit to block Penguin Random House from acquiring its rival Simon & Schuster. The DOJ hopes this will block the merger, which it says would ultimately hurt authors and consumers nationwide. Barry C. Lynn, executive director of the Open Markets Institute, joined Cheddar to explain what the lawsuit signals about the Biden administration's approach to cracking down on antitrust, and why Amazon might be next.
The major markets took a breather Tuesday, with the Dow, S&P, Nasdaq, and Russell 2000 all finishing lower after notching record closes on Monday. Rhys Williams, Chief Strategist at Spouting Rock Asset Management, joins Cheddar News' Closing Bell, where he provides his biggest takeaways from the day's activity.
The U.S. economy added 531,000 jobs in the month of October, painting a better picture of the economy that analysts had expected. Jared Bernstein, Council of Economic Advisers Member for President Biden joined Cheddar's Opening Bell to discuss.
Election Day 2021 is in the books, and it wasn't a pretty picture for Democrats. Governor Phil Murphy narrowly won re-election in New Jersey and Republican Glenn Youngkin upset Democrat Terry McAuliffe in Virginia, with many other disappointing losses for the left. Meridith McGraw, national correspondent for Politico, breaks down the key takeaways from this year as the nation looks ahead to the 2022 midterms.
Markets opened higher to kick off the week as investors continue to digest the better-than-expected jobs report, which showed 531,000 new jobs created in October. Ken Johnson, CFA, Investment Strategy Analyst joined Cheddar's Opening Bell to break down his early market insights.
Almost 2 years into the pandemic, supply chain woes continue to wreak havoc on our everyday lives.
From groceries to chip shortages, both consumers and retailers are feeling the strain with prices only climbing as a result. Data intelligence company Morning Consult is out with its U.S. Economic Outlook for November revealing just how much of a threat these hold-ups could pose to the greater economic recovery. John Leer, Chief Economist at Morning Consult joined Cheddar's Opening Bell.
After many years and at least two presidents hoping to overhaul America's infrastructure, congress finally came to an agreement. The House passed the bipartisan infrastructure bill late Friday, receiving thirteen republican votes but failing to earn votes from the six progressive squad members. Joseph Zeballos-Roig, Economics Reporter at Insider joined Cheddar's Opening Bell to discuss the economic impact of the bill.
